India: Revised draft export and import regulations
Comments must be submitted by April 30, 2025
The Reserve Bank of India (RBI) on April 4, 2025, released revised “Draft Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2025,” for public comments. The deadline for submitting comments is April 30, 2025.
The initial draft regulations and directions released in July 2024 aimed to progressively liberalize the framework guiding export and import transactions in India. Following feedback from the public and further consultations with stakeholders, the RBI has revised the draft regulations and directions.
The revised draft regulations consolidate instructions issued to Authorized Dealers (ADs) into a single document, emphasizing ease of doing business. The regulations include processes for handling transactions related to export and import, which were previously issued separately as directions to ADs.
Read an April 2025 report prepared by the KPMG member firm in India that highlights some of the key changes and points compared to previous draft regulations and directions.